Posted By
Posted in
Banking & Finance
Job Code
726488
Candidates currently in a retail setup or healthcare chain set up with strong MIS experience would be ideal for the role.
Qualifications:
CA / MBA Finance (Top tier institution)
The Finance Head shall be responsible for -
1. Acting as an advisor to the CEO on matters related to financial strategy
2. Leading the company's financial planning & analysis (FP&A/MIS) and budgeting functions
3. Maintaining tight control over finance & accounting function including commercials and compliance
Responsibilities:
1. Strategy and Advisory
- Be a key member of the senior management team and act as an advisor to the CEO on matters of financial strategy
- Provide strategic inputs to the CEO on target markets/customer segments, customer acquisition, cost optimization, etc. backed by analytics and data-driven insights
- Assist the CEO in formulating the long-term strategy for the business
- Proactively present new ideas and insights to the CEO and the Board
2. Financial Planning & Analysis / MIS
- Be the single-point, person-in-charge of business finance
- Put an MIS system in place and take complete ownership of it
- Achieve monthly closure of accounts by clinics
- Prepare detailed annual budgets
- Prepare and present the MIS to the CEO and the Board with detailed analysis and insights on key financial and operating metrics
- Present a comparison of actual performance with a budget, highlighting the reasons for variations
- Prepare a quarterly forecast P&L based on the actual performance
3. Control
3.1. Accounting
- Ensure accounting as per GAAP with monthly closure for all group companies (divided by clinics)
- Consolidation of accounts (with forex conversion for overseas subsidiaries as per GAAP)
- Ensure statutory and internal audits are completed smoothly and well before time
- Set-up strong SOPs, internal finance & operational controls, and automate manual controls
3.2. Finance
- Strong cash flow management by ensuring timely collections and payments and monitoring of and other working capital items
- Weekly monitoring of costs vis-- -vis budget and raise alarms when necessary
- Provide recommendations on investing surplus cash flows in high-yielding instruments
- Manage forex collections effectively and suggest hedging options
3.3. Commercial
- Procurement review and vendor management
- Review and validate commercial and legal contracts
- Review and take actions on office infrastructure, insurance, etc
3.4. Compliance
- Ensure complete, accurate, and strict compliance with direct taxes (corporate income tax, withholding tax / TDS, transfer pricing) and indirect taxes (GST) with timely payments, filings, and assessments
- Ensure complete, accurate, and strict legal compliance under corporate/secretarial laws, labour laws, healthcare regulations, etc. with timely payments, filings, etc.
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Posted By
Posted in
Banking & Finance
Job Code
726488